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Recovery Rebates and Economic Stimulus for the American People Act of 2008

Floor Speech

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Date:
Location: Washington, DC


RECOVERY REBATES AND ECONOMIC STIMULUS FOR THE AMERICAN PEOPLE ACT OF 2008 -- (House of Representatives - January 29, 2008)

BREAK IN TRANSCRIPT

Mr. SCOTT of Georgia. Mr. Speaker, we have had a great debate in here this afternoon. What is on the American people's mind right now are two words: ``quickly'' and ``now.'' They want this economy turned around quickly and now.

The best way to do that is in our plans, getting money to the people who will spend it quickly and now, extending the limits on our lending capacity in FHA quickly and now, and in Fannie Mae and Freddie Mac.

Mr. Speaker, about 143 years ago, Abraham Lincoln, as well as Robert E. Lee, came before this Congress at the end of the Civil War, and they said to this Congress: we need to move. It is not incumbent upon us to complete this task, but neither are we free to desist from doing all we possibly can quickly and now.

Those are the words that are tripping off the tongues of the American people. We need to stop them from being put out of their homes with foreclosures. That is why we have the limits for Fannie Mae and Freddie Mac, as well as for the FHA loans.

Americans want to be able to have their jobs. You do that by stimulating the economy and putting the money in the hands of the people who will spend it quickly and now.


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